Epfo edli scheme benefit: What Is Employees Deposit Linked

What Is Employees Deposit Linked Insurance Scheme ( EDLI )? The Employees Deposit Linked Insurance ( EDLI ) Scheme is a type of life insurance scheme provided to employees covered under the EPF (Employees’ Provident Fund). It offers financial support to the family members of an employee in case of death during the period of employment. The Employees’ Provident Fund Organisation ( EPFO ) has announced key changes to the Employees' Deposit Linked Insurance ( EDLI ) scheme . The Central Board of Trustees (CBT), chaired by Union Labour Minister Mansukh Mandaviya, approved these modifications in its 237th meeting. Additionally, the board ... EPF provides free life insurance of up to Rs 7 lakh to all its members. This is known as EDLI . This article lists PF EDLI benefit – its eligibility, the premium involved, and the process of claim.